The American Concrete Pavement Association emphasizes the importance of state highway agency prioritizing better utilization of their resources in light of Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act funding limits evident to transportation construction stakeholders. In addition to spotlighting the economic and environmental sustainability attributes attending concrete pavement, ACPA approaches 2025 planning to advocate at all levels…
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Paving contractors stress resource utilization in agency outreach
The American Concrete Pavement Association emphasizes the importance of state highway agency prioritizing better utilization of their resources in light of Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act funding limits evident to transportation construction stakeholders. In addition to spotlighting the economic and environmental sustainability attributes attending concrete pavement, ACPA approaches 2025 planning to advocate at all levels…
Read MoreConcrete Pavement group amplifies resource utilization message to agencies
Sources: American Concrete Pavement Association, Rosemont, Ill.; CP staff With a World of Concrete 2025 backdrop, American Concrete Pavement Association officials emphasized better use of state highway agency resources in light of Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act funding limits now evident to transportation construction stakeholders. In addition to spotlighting the economic and environmental sustainability attributes…
Read MoreDOE, Prometheus Materials frame carbon removal accounting
The U.S. Department of Energy (DOE) is providing $10 million to a private/public team tasked with establishing methods for measuring, reporting and verifying carbon dioxide removal (CDR) and sequestration in cement and concrete. The agency’s Lawrence Livermore National Laboratory, National Renewable Energy Laboratory and Oak Ridge National Laboratory will team with Colorado-based Prometheus Materials, whose biological process yields a calcium-rich…
Read MoreCorps, ASCE, ACEC, APWA send infrastructure workforce message
To address a critical shortage of skilled professionals in infrastructure development, top engineering and public works stakeholders have launched the Engineering Workforce Consortium (EWC), keen on attracting the next generation of talent; retaining current engineering and public works human capital; and, advocating for industry growth and sustainability. EWC formation is the outcome of a recent American Council of Engineering Companies…
Read MorePCA’s Sullivan traces interest rate drop, construction activity rise
Sources: Portland Cement Association, Washington, D.C.; CP staff PCA Chief Economist and Senior Vice President of Market Intelligence Ed Sullivan told member producers during their fall meeting that the Federal Reserve’s recent move to lower interest rates, coupled with easing inflation, signals a significant retreat in interest rate levels by the end of next year—all to the benefit of residential…
Read MoreUncertainty tempers optimism in construction outlook survey
Researchers in the Construction Services Group of Marcum LLP, a leading accounting and advisory firm in New York, paint an overall positive view of current and future market trends in their just-released 2024 Marcum National Construction Survey. Key findings gleaned from responses to a 27-point survey of executives in building and nonbuilding markets include: “Despite the challenges facing the…
Read MoreConstruction outlook survey: ‘Optimism tempered by uncertainty’
Sources: Marcum LLP, New York; CP staff Researchers for the Construction Services Group of Marcum LLP, a leading accounting and advisory firm, paint an overall positive view of current and future market trends in their just-released 2024 Marcum National Construction Survey. Key findings gleaned from responses to a 27-point survey of executives in building and nonbuilding markets include: “Despite the…
Read MoreEPA quantifies $600B+ in clean water infrastructure needs through 2045
Sources: U.S. Environmental Protection Agency; CP staff A new Environmental Protection Agency report to federal lawmakers projects future capital outlays to maintain or modernize publicly owned wastewater treatment works, stormwater infrastructure, nonpoint source control, and decentralized wastewater treatment systems like septic tanks. Such investments are deemed essential to supporting the Clean Water Act’s goal of fishable, swimmable waters from coast…
Read MoreThe Other Shoe Drops
In the last half of April, there were a couple of seminal economic events that, taken together, mark an example of proverbial shoes dropping, and for the first time in years, marks a cautionary signal on the economy. The first shoe to drop was when Fed Chairman Jay Powell unexpectedly announced that firmer-than-expected inflation during the first quarter has called…
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